NEDA forecasts Philippine rice prices to decline in September due to global market trends, loosened restrictions, and increased production.
NEDA expects Philippine rice prices to decline in September, reflecting the global market's downward trend. The forecast is based on the assumption that restrictions and exports from major exporters will loosen, leading to increased production and global supply. Finance Secretary Ralph Recto also predicts a 20% drop in rice prices, partly due to increased production and reduced tariffs.
May 27, 2024
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